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📍 Nebo, IL · Zillow ZHVI · July 2026

Average Home Price in
Nebo, IL

St. Louis, MO-IL metro area · Pike County County

Median Home Value
$149,172
↑ 10.6% year-over-year
vs. National Median
$410,000
Nebo is 64% below
Est. Monthly Payment
$778/mo
20% down · 6.8% rate
Income Needed
$40K
gross annual (30% rule)
Median Home Value
$149,172
↑ 10.6% year-over-year
Down Payment (20%)$29,834
Monthly P&I$778/mo
With Taxes & Ins.~$988/mo
Income Needed$39,520/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Nebo, IL

The median home value in Nebo, IL is $149,172 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.6% compared to a year ago and up 2.3% from two years prior.

Compared to the U.S. national median of $410,000, homes in Nebo are priced64% below average. Nebo is part of the St. Louis, MO-IL metro area.

City Comparison

Nebo vs. National Median

🏠 Nebo
$149,172
National Median
$410,000

At $149,172, homes in Nebo cost 64% below the national median of $410,000. This makes Nebo a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Nebo?

20% Down Payment
$29,834
on $149,172
Monthly P&I
$778/mo
30-yr @ 6.8%
Total Monthly Est.
~$988/mo
incl. taxes & insurance
Income Needed
$39,520
gross annual (30% rule)
10% Down Option
$14,917
+ PMI applies
Loan Amount (20% dn)
$119,338
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Nebo, IL?
The median home value in Nebo is $149,172 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.6% year-over-year.
How much have home prices changed in Nebo?
Over the past year, home values in Nebo have increased by 10.6%.
How much do I need to earn to buy a home in Nebo?
To comfortably afford the median home price of $149,172 with a 20% down payment ($29,834) at today's rates (6.8%), you'd need a gross annual income of approximately $39,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Nebo compare to the national average home price?
The national median home value is approximately $410,000. At $149,172, homes in Nebo are 64% below the national average.
What metro area is Nebo part of?
Nebo is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.